FOR IMMEDIATE RELEASE
October 18, 2017
Federal Home Loan Bank of Dallas
Partnership Grant Boosts Training Programs for East Texas Nonprofit
Southside Bank, Austin Bank and FHLB Dallas Provided Funds
JACKSONVILLE, TEXAS, October 18, 2017 — Southside Bank, Austin Bank and the Federal Home Loan Bank of Dallas (FHLB Dallas) awarded $11,500 in Partnership Grant Program (PGP) funds to A Circle of Ten, Inc. – Network for Collaboration (C10), a Jacksonville, Texas-based organization that provides nonprofit management services, empowering local leaders and enabling healthy collaboration. Local leaders joined bank and C10 representatives at a check presentation Tuesday to announce the grants.
FHLB Dallas has awarded C10 $36,000 in PGP funds since 2003. The 2017 grant will be applied to organization capacity-building, including training for the staff.
Since its establishment in 1996, the nonprofit has provided training and updates on corporate trends via workshops to more than 1,000 East Texas leaders.
"The funding received through the Partnership Grant Program will support not only C10's program, but will be seen in area community organizations as they prepare and collaborate on various grants," said Southside Bank Vice President and CRA Officer Brooke Mott. "We are thankful to FHLB Dallas for the opportunity to enhance our support for an organization that has a heart for empowering individuals to make a difference in the community where they live."
Austin Bank has been involved with C10 for nearly 15 years.
"This agency has taught and assisted many area agencies and nonprofits in the art of writing grants which has resulted in numerous grant funds in the East Texas area," said Austin Bank Senior Vice President and CRA Officer Debbie Braune. "C10 is also a Financial Literacy partner teaching elementary and junior high students in summer 'Money Camps.' We're thankful for the opportunity to support the community through the PGP."
The structure of the PGP enables FHLB Dallas member institutions like Southside Bank and Austin Bank to make a contribution of $500 to $4,000 to a community-based organization (CBO), which FHLB Dallas will match at a 3:1 ratio. In 2017, FHLB Dallas awarded $300,000 in Partnership Grant Program (PGP) funds through 31 member institutions to assist 30 community-based organizations. Combined with the $104,550 contributed by FHLB Dallas members, a total of $404,550 was awarded to the organizations.
"The PGP has the capability to strengthen both the community and our members' relationships with leaders in the community," said Greg Hettrick, first vice president and director of Community Investment at FHLB Dallas. "It wouldn't work without our members' partnership."
C10 Executive Director Pam Anderson said the grant funds allow C10 to remain abreast of industry trends.
"The funds will allow us to receive training, which will give us insight so we can edit our materials to educate the public on matters that are important to them," she said. "We are so thankful for the funds."
About Southside Bank
Southside Bancshares, Inc., the holding company for Southside Bank, is headquartered in Tyler, Texas. With approximately $5.6 billion in assets, Southside Bank operates 57 banking facilities in East, North and Central Texas. The bank also operates a network of 71 local ATMs/ITMs, and is affiliated with more than 55,000 foreign ATMs worldwide.
Established in 1960, Southside Bank is a community-focused financial institution that offers a full range of financial services to individuals, businesses and nonprofit organizations. These services include: consumer and commercial loans; mortgages; loans to municipalities; personal, small business and commercial deposit accounts; safe deposit boxes; business services; credit cards; ATMs; trust and wealth management; brokerage services; and an array of online and mobile services.
About Austin Bank
Austin Bank, a community bank headquartered in Jacksonville, Texas, with assets in excess of $1.6 billion, has 32 locations serving 23 cities and eleven counties throughout East Texas. Austin Bank is locally owned and operated by the Austin Family who is celebrating 108 years of service in the Texas banking industry. Austin Bank has been voted one of the "Best Companies to Work for in Texas" for nine consecutive years.
Austin Bank is a trusted financial source for the families and businesses of East Texas. The Bank's lengthy legacy is the foundation of their philosophy to provide the financial stability and trust that contributes to the growth and prosperity of the communities they serve. More information about Austin Bank can be found on the bank's website at www.austinbank.com.
About the Federal Home Loan Bank of Dallas
The Federal Home Loan Bank of Dallas is one of 11 district banks in the FHLBank System created by Congress in 1932. FHLB Dallas, with total assets of $62.9 billion as of June 30, 2017, is a member-owned cooperative that supports housing and community investment by providing competitively priced loans and other credit products to approximately 850 members and associated institutions in Arkansas, Louisiana, Mississippi, New Mexico and Texas. For more information, visit fhlb.com.